Supreme Court upholds Shree Naman Developers’ acquisition of Bengaluru, Pune hotel under NCLT proceedings

The Supreme Court has upheld insolvency proceedings against Gstaad Hotels and Neo Capricorn Plaza, owners and operators of the JW Marriott hotel in Bengaluru and Crowne Plaza hotel in Pune, respectively, while clarifying that disputes over the precise quantum of outstanding debt cannot prevent the initiation of corporate insolvency resolution proceedings (CIRP). The insolvency process…

Liquid Swords Bankruptcy: Sundberg Eyes New Studio

Liquid Swords AB, the Stockholm studio founded by Just Cause co-creator Christofer Sundberg, was declared bankrupt by the Stockholm District Court on October 12, 2026, just over six months after its only released game hit PC. Sundberg has since confirmed the closure publicly and said he intends to start over with a new, leaner studio…

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EXCLUSIVE: Nigeria Wants P&ID Dead and Buried: The Secret British Virgin Islands Court Move to Wind Up the Company Behind the $11 Billion Scam Over a £20m Debt – Secrets Reporters Nigeria

Weeks after a London judge set aside the $11 billion arbitration award that Process & Industrial Developments Limited had held over Nigeria for the better part of a decade, the Federal Republic of Nigeria went to the company’s own home jurisdiction and asked the High Court of the British Virgin Islands to wind the company…

HNGIL Capacity Expansion: ₹500 Crore Investment Planned

Hindusthan National Glass & Industries Ltd (HNGIL) plans to invest ₹300-500 crore over the next five months to expand manufacturing capacity, after restoring several idled operations and preparing to return to profitability, the company said. The Mumbai-based container glassmaker, now part of the Africa-based Madhvani-Turner Group, has already invested around ₹700 crore since its acquisition…